Selection Sunday and Links

Today is Selection Sunday and college basketball teams around the country are anxiously waiting to learn their fates.

Will it be that coveted last spot in the NCAA tournament? Or relegated to the NIT? (Sure, playing in any tournament is nice, but the NIT pales in comparison to the real deal.)

If you are like me and your team is sitting in the first four out list (as of time of this writing) you see a lot of similarity to financial issues. My team, the University of Tennessee, is on the outside looking in. They lost in their conference tournament when a win would have likely locked up a bid to the NCAA tournament.

Instead they lost, but even with a loss they aren’t completely out of the running. They are just reliant on a bunch of other teams losing in order to propel them into one of those last few spots in the tournament.

Don’t we often run our finances this way?

We miss doing things right and do just enough. We cut corners, and suddenly find ourselves reliant on someone or something else to save us. That might be a relative lending us money or just hoping that our employer continues to employ us.

Don’t live your financial life like a NCAA basketball bubble team. Take control of your finances with some of these great reads:

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Kevin Mulligan is a debt reduction champion with a passion for teaching people how to budget and stay out of debt. He's building a personal finance freelance writing career and has written for RothIRA.com, Discover Bank, ING Direct, and many others.

Comments

Thanks for including my post. My team Marquette is a lock as is my sentimental favorite St. Louis (the late Rick Majerus was a Marquette alum, assistant, and head coach who I had the chance to meet a few years ago in a skybox at a Milwaukee Brewers game). I grew up watching Marquette in the Al McGuire days (’77 champs and ’74 runners up) and have been hooked ever since. My wife has her undergrad degree from there and my MBA is from MU as well.

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